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Cyprus launches banking overhaul as meltdown looms Cypriot politicians have until Monday to approve a "Plan B" bailout deal with the European Union and International Monetary Fund.

22 March 2013

1.5 million tons of Kazakh crude to be sent to China within tolling contracts The tolling operations will enable Kazakhstan to reduce twofold imports of petroleum products from Russia.

21 March 2013

Kazakhstan’s depositors keeping about $50 million with Cyprus banks Cyprus authorities suggested introducing a 6.75% non-recurrent tax on deposits under 100 000 Euro and a 9.9% tax on deposits exceeding that amount.

21 March 2013

Petrobras aims to triple Brazil's offshore oil output Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.

20 March 2013

China solar giant Suntech falls back to Earth China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.

20 March 2013

Eurozone still ready to help Cyprus after vote Cypriot President Nicos Anastasiades' office said he "fully respects" the decision and that he had had a "constructive" phone call with Russian leader Vladimir Putin, amid reports Cyprus was seeking alternative financing.

20 March 2013

10 billion tenge to be allocated for second phase of Almaty subway Kazakhstan Minister of Transport and Communications told about the plans for development of Almaty's infrastructure.

20 March 2013

Citigroup to pay $700 million to settle suit US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.

20 March 2013

Foreign experts earn much more than locals in Atyrau The check was held in 18 companies in Atyrau oblast that hired foreign employees to different positions.

19 March 2013

TENGRI LIFE

TENGRI TRAVEL

Eurozone says ditch Cyprus tax grab on smallest accounts The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.

19 March 2013

International lending shows smallest growth in 13 years: BIS Cross-border lending saw its smallest growth in 13 years in the third quarter of 2012, according to a report published Sunday by the Bank for International Settlements (BIS).

19 March 2013

Kazakhstan citizen recieves $25 thousand from VKontakte founder Kazakhstan citizen Aleksander Kim has received one of 12 grants from the founder of VKontakte social network Pavel Durov and the founder of DST fund Yuriy Milner for his start-up.

18 March 2013

Kazakhstan in talks with McDonald's McDonald’s may enter the Kazakhstan market soon.

18 March 2013

Airbus to sign mega A320 order from Asian carrier Lion Air European aerospace giant Airbus will sign Monday what would mark one of its biggest orders ever from Indonesia's Lion Air for more than 200 A320 medium-haul jets.

18 March 2013

Panasonic to shrink TV business, exit plasma: report Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays.

18 March 2013

Eurogroup approves Ireland, Portugal debt extension Eurozone finance ministers approved early Saturday plans to give bailed-out Ireland and Portugal more time to pay back some of their massive rescue loans.

18 March 2013

Bloggers expose lavish lifestyles of Putin loyalists Bloggers who oppose Russian President Vladimir Putin are targeting top lawmakers loyal to the Kremlin with scandalous revelations about their luxury lifestyles.

16 March 2013

Philippines bets on joining gaming elite with mega casino The Philippines was set to open a $1.2 billion giant casino on Saturday in a high-stakes bid to join the world's elite gaming destinations.

16 March 2013

US Treasury chief not worried about market bubble US Treasury Secretary Jacob Lew said Thursday that he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs.

16 March 2013